Business

Business: Double dividend pay ratio of AngloGold

Last updated on September 11th, 2021 at 08:17 am

AngloGold is set to double the dividend of the mode of payment of its staffs. AngloGold is one of the biggest gold company in Africa at large, the company also has branches in Europe.

The organization said it would pay its investors 20 percent of its free income prior to representing capital consumption in development ventures, up from 10 percent beforehand.

The expansion of the free income was supported by lower costs from proceeding with activities, lower capital use and a 30 percent higher gold cost got.

Withe recent influx of cash flow boost the company is seeking to review the Staff salary, this is why they are developing a pay ratio to set a standard or payment standard among it staff.

Albert Echetah

Recent Posts

Pastef party led by Ousmane Sonko wins historic election victory

Senegal's ruling Pastef party has won a resounding victory in the legislative elections, taking130 of the 165 seats in parliament,…

November 22, 2024

Famine Risk Reaches Critical Levels as FoodCrisis Deepens In Gaza

Gaza’s hunger crisis is not only statistic, but a set of narratives such as Yasmin Eid, amother of six, who…

November 22, 2024

Kenya Launches Official Probe intoUgandan Leader’s Alleged Kidnapping

The government of Kenya announced that it is looking into the suspected kidnapping ofKizza Besigye, a well-known opposition politician from…

November 22, 2024

At least 7 members of the Nigerian security forces are missing after insurgentsambushed their convoy

A team of 80 security agents tasked with protecting the electricity grid was ambushed onMonday in Shiroro, Niger State, by…

November 21, 2024

Cryptocurrency Gains Momentum inAfrica Amid Global Shifts in Trump’sElection

Cryptocurrency becomes the new thing in Africa. People shift for stable alternatives aftertheir unstable local currencies. Many people believe Donald…

November 21, 2024

UAE Delivers Lifeline: 30,000 Food BasketsBring Hope to Sudanese Refugees in Uganda

UAE has also distributed 30,000 food baskets to Sudanese refugees in Kiryandongo refugeecamp Uganda to benefit nearly 100,000 affected people.Aid…

November 21, 2024

This website uses cookies.